Question

In June, buyers of titanium expect that the price of titanium will fall in the following month, July. What happens in the titanium market in June, holding everything else constant?
1. The quantity demanded increases.

2. The demand curve shifts to the right.

3. The quantity demanded decreases

4. The demand curve shifts to the left.

Answer 1

Based on the expectation of the buyers of titanium, the effect on the titanium market in June was 4. The demand curve shifts to the left.

What happened to the demand curve?

Because the buyers of titanium expected that the price of titanium would fall in July, they would buy less titanium in June as they waited for the price of titanium to fall in July.

This decrease in supply as a result of waiting for the price to fall, would lead to a shift to the left for the demand curve to show that there is less quantity demand.

Find out more on shifts in the demand curve at brainly.com/question/11761847

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